Battery Ventures to invest in MadCap Software.

Battery Ventures, a global, technology-focused investment firm, agreed to invest in MadCap Software, a provider of single-source, multi-channel content authoring and publishing software. Financial terms were not disclosed. “Today’s faster product development cycles—as well as the move by organizations to deploy more software applications in the cloud—is fueling a push to create related technical documentation for more products more quickly, expanding MadCap’s potential market,” Morad Elhafed, Battery General Partner.